International

Iraq’s Ministry of Oil has signs an agreement of principles with the French company Total for four major energy projects in the country: 1. Plants to collect and refine associated natural gas at the fields of Artawi [Ratawi], West Qurna 2, Majnoon, Tuba [Subba] and Lahais [Luhais]. This will include …

Russia, the leader of the non-OPEC group in OPEC+, favors a rollover of the alliance’s oil production cuts while seeking a slight increase for itself to meet higher seasonal demand, a source with knowledge of Moscow’s plans told Reuters on Monday. Russia has sought and obtained small increases for its …

Europe’s largest oil and gas companies are leaving US rivals further and further behind in the race to cut their reliance on fossil-fuel sales. Total SE, Galp Energia SGPS SA, Equinor ASA, Royal Dutch Shell Plc and Eni SpA are leading the pack, while Exxon Mobil Corp and Chevron Corp …

The United States just wants its allies to understand its position on Nord Stream 2 pipeline, which is set to carry gas from Russia to Europe, and it’s “unfortunate” that the project became a contentious point, US Secretary of State Antony Blinken told CNN. Washington has repeatedly shown its displeasure …

The United States shale industry’s era of “newfound prudence” could be coming to an end. After a devastating 2020 for U.S. oil, the mood in the shale sector has been historically reserved, with drillers focused on balancing their books and getting into the black before overextending with new exploration. This …

Russian energy giant Gazprom is planning to start hydrogen exports to China, South Korea and Japan, the company’s First Deputy Oleg Aksyutin wrote in his column in the latest issue of business and science magazine Energy Policy. According to the senior manager, the shipments of hydrogen could be supplied to …

Syrian Oil Minister Bassam Toma’a has revealed that around 90 per cent of Syrian oil is under the control of US forces, Aram News Network reported on Friday. “The Americans and their followers are acting like pirates as they are targeting the Syrian oil wealth and oil supplies,” the Syrian …

With oil prices making steady gains earlier this year, OPEC and other producers had hoped to ease output cuts, but industry sources say a fresh wave of lockdowns around the world threatens to tear up those plans. The OPEC+ group of producers, which are holding back millions of barrels of …

India is trying hard to woo foreign investors as the nation tries to rebuild from its worst economic contraction on record. Hit particularly hard by the COVID-19 pandemic, the Indian economy is projected to record a 7.7 percent decline in the financial year ending this month–the single largest drop in …

The Iraqi cabinet on Tuesday approved a deal to award U.S. company Schlumberger Ltd a $480 million deal to drill 96 oil wells in the south, according to a statement. Iraq, OPEC’s second-largest producer, relies on oil exports for nearly all its state revenue.